Smarter Health Options With Benefit Accounts
Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are valuable benefits that help employees save on healthcare and dependent care costs using pre-tax dollars. They offer:
- Lower taxable income
- Higher take-home pay
- A competitive edge to attract top talent
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Types of Benefit Accounts
The Power of Health Benefit Accounts
Health benefit plans offer employers and employees the ability to use pretax funds for eligible medical expenses. Key advantages include:
- Tax savings for both employers (excluding PEO Sponsored Plans) and employees
- Tax-free claims for qualified medical expenses
- HRA based on employer discretion
- Tax-free qualified earnings from an HSA
- Transferable benefits in certain situations between employers
- Expert support from Paychex benefit specialists
Manage Your Benefits and Accounts in One Place
Your benefit accounts page makes it easy to manage your company’s benefits, providing a clear view of offerings, streamlining enrollment tracking, and empowering you to make smarter decisions that support your employees and drive business success.
How To Get Benefit Accounts From Paychex
Benefit accounts are included in select HR packages, can be added to payroll, or selected separately. Choose the option that works best for your business by comparing packages side by side.
We’re Here To Help You Get Started
Let’s Talk
Reach out to discuss your needs, compare plans, and find the best fit for your business.
Easy Enrollment
We’ll handle enrollment meetings, guide your team, collect forms, and submit everything for approval.
Ongoing Support
Our expert team is here 24/7 to ensure your success every step of the way.
Additional Solutions To Complement Retirement Plan Services
Experience the strength of Paychex through seamless, integrated solutions on one easy-to-use platform.
Additional Resources
Employee Health Benefit Account FAQs
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What Is a Benefit Account?
What Is a Benefit Account?
A benefit accounts helps employees manage healthcare expenses like medications and deductibles. These accounts offer tax savings and come in different types, each with specific rules.
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How Do You Set Up a Benefit Account?
How Do You Set Up a Benefit Account?
Employee health benefit accounts are usually provided by employers. To get started, employees should consult their HR team or health account services for guidance. Enrollment typically depends on eligibility, benefits packages, and employment status.